KRAVATZ: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
KRAVATZ
Largest movements
- Cash +€17,051
up €17,051 (+864.8%), from €1,972 to €19,023
mainly Net result for the year (+€11,676) and Other debts (+€3,332)
- Tangible fixed assets +€1,804
up €1,804 (+73.4%), from €2,457 to €4,261
of which Plant, machinery and equipment: +€1,646
- Receivables within one year -€982
down €982 (-100.0%), from €982 to €0
of which Other amounts receivable: -€982
- Profit (loss) carried forward +€11,676
up €11,676 (+48.2%), from -€24,225 to -€12,550
- Other debts +€3,332
up €3,332 (+11.6%), from €28,770 to €32,101
- Trade debts +€2,487
up €2,487 (+292.0%), from €852 to €3,338
- Tax, wage and social debts +€378
up €378 (+175.9%), from €215 to €594
of which Taxes: +€378
- Gross operating margin +€29,116
up €29,116, from -€14,525 to €14,591
- Financial charges -€1,298
down €1,298 (-47.4%), from €2,741 to €1,443
- Depreciation +€491
up €491 (+76.2%), from €645 to €1,137
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,611 | €24,484 | +€17,872 | +270.3% |
| Fixed assets | 21/28 | €3,657 | €5,461 | +€1,804 | +49.3% |
| Tangible fixed assets | 22/27 | €2,457 | €4,261 | +€1,804 | +73.4% |
| Plant, machinery and equipment | 23 | €0 | €1,646 | +€1,646 | |
| Furniture and vehicles | 24 | €2,457 | €2,615 | +€158 | +6.4% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €2,954 | €19,023 | +€16,069 | +544.0% |
| Amounts receivable within one year | 40/41 | €982 | €0 | -€982 | -100.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €982 | €0 | -€982 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,972 | €19,023 | +€17,051 | +864.8% |
| Total equity and liabilities | 10/49 | €6,611 | €24,484 | +€17,872 | +270.3% |
| Equity | 10/15 | -€23,225 | -€11,550 | +€11,676 | +50.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,225 | -€12,550 | +€11,676 | +48.2% |
| Amounts payable | 17/49 | €29,836 | €36,033 | +€6,197 | +20.8% |
| Amounts payable within one year | 42/48 | €29,836 | €36,033 | +€6,197 | +20.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €852 | €3,338 | +€2,487 | +292.0% |
| Suppliers | 440/4 | €852 | €3,338 | +€2,487 | +292.0% |
| Taxes, remuneration and social security | 45 | €215 | €594 | +€378 | +175.9% |
| Taxes | 450/3 | €215 | €594 | +€378 | +175.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €28,770 | €32,101 | +€3,332 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €645 | €1,137 | +€491 | +76.2% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | -€14,525 | €14,591 | +€29,116 | |
| Operating profit (loss) | 9901 | -€15,288 | €13,335 | +€28,623 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €2,741 | €1,443 | -€1,298 | -47.4% |
| Recurring financial charges | 65 | €2,741 | €1,443 | -€1,298 | -47.4% |
| Profit (loss) for the period before taxes | 9903 | -€18,029 | €11,892 | +€29,920 | |
| Income taxes | 67/77 | €215 | €216 | +€1 | +0.3% |
| Profit (loss) for the period | 9904 | -€18,244 | €11,676 | +€29,920 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,244 | €11,676 | +€29,920 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.